-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, ILjquxKipsopAnZDAfKQDXQ3bxLj47GY6ruX+tT77oJ3bglNg/Z0XokQvCi1KxxH 06ZLdnpqRS93hkQg3d2a8A== 0000101778-01-500161.txt : 20020412 0000101778-01-500161.hdr.sgml : 20020412 ACCESSION NUMBER: 0000101778-01-500161 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20011210 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20011210 FILER: COMPANY DATA: COMPANY CONFORMED NAME: USX CORP CENTRAL INDEX KEY: 0000101778 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] IRS NUMBER: 250996816 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05153 FILM NUMBER: 1809436 BUSINESS ADDRESS: STREET 1: 600 GRANT ST STREET 2: ROOM 1312 CITY: PITTSBURGH STATE: PA ZIP: 15219-4776 BUSINESS PHONE: 4124331121 MAIL ADDRESS: STREET 1: 600 GRANT STREET STREET 2: ROOM 1312 CITY: PITTSBURGH STATE: PA ZIP: 15219-4776 FORMER COMPANY: FORMER CONFORMED NAME: UNITED STATES STEEL CORP/DE DATE OF NAME CHANGE: 19860714 8-K 1 fm8k1210-2.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ----------------------- FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 ----------------------- Date of Report (Date of earliest event reported): December 9, 2001 USX Corporation ------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 1-5153 25-0996816 --------------- ---------------------- ------------------- (State or other (Commission File (IRS Employer jurisdiction of Number) Identification No.) incorporation) 600 Grant Street, Pittsburgh, PA 15219-2800 - ---------------------------------- ---------- (Address of principal executive (Zip Code) offices) (412) 433-1121 ------------------------------ (Registrant's telephone number, including area code) 2 Item 5. Other Events USX Corporation is furnishing information for the December 9, 2001 press release titled "U. S. Steel, NKK Corporation and National Steel in Consolidation Talks". Attached is a copy of the press release in substantially the form released. Item 7. Financial Statements and Exhibits (c) Exhibits 99.1. Press Release - "U. S. Steel, NKK Corporation and National Steel in Consolidation Talks" SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. USX CORPORATION By /s/ Larry G. Schultz --------------------------- Larry G. Schultz Vice President - Accounting Dated: December 10, 2001 EX-99.1. 3 ex911210-b.txt Exhibit 99.1. U. S. STEEL, NKK CORPORATION AND NATIONAL STEEL IN CONSOLIDATION TALKS PITTSBURGH, Dec. 9 - United States Steel LLC (NYSE: X) confirmed today that, although no agreement has been reached, it is in talks with NKK Corporation of Japan and National Steel Corporation concerning a possible acquisition of National Steel by U. S. Steel. The potential acquisition would be consistent with the goal of consolidation in the domestic integrated steel industry. Any acquisition would be contingent on a number of significant conditions, including a substantial restructuring of National Steel's debt and other obligations. U. S. Steel will proceed only if the acquisition would be in the best interests of its company's shareholders, customers, employees and creditors. Steel industry consolidation is contingent upon several key elements. First, it requires the implementation of President Bush's three-part program, announced June 5, 2001, to address the excessive imports of steel that have been depressing markets in the United States. A critical part of the President's program is a strong remedy under Section 201 of the Trade Act of 1974 (Section 201). Second, it calls for the creation of a government-sponsored program that would provide relief from the industry's retiree legacy cost burden - primarily pension and retiree health care costs - thereby removing the most significant barrier to consolidation of a highly fragmented industry. Third, it requires a progressive new labor agreement that would provide for meaningful reductions in operating costs. Industry consolidation referenced above is subject to numerous conditions, some of which are described above. Many of these conditions depend upon actions by other parties, such as the federal government. There is no assurance that consolidation will occur, nor any specificity concerning the terms upon which it might occur. Financial performance and results in the steel industry, including the results of United States Steel if any consolidation occurs, will be influenced by many factors. In accordance with "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, USX has included in Form 10-K for the year ended December 31, 2000, as amended in Forms 10-K/A, and in subsequent Forms 10-Q and Forms 8-K, cautionary statements identifying important factors, but not necessarily all factors, that could influence such results. -oOo- 2001-12-9 -----END PRIVACY-ENHANCED MESSAGE-----